Question
1. Describe how to calculate the present value and the future value of a series of cash flows? What is an annuity? What is the
1. Describe how to calculate the present value and the future value of a series of cash flows? What is an annuity? What is the present value and future value of an annuity that has A dollars per period for T periods at an interest rate of r per period? How does APR (annual percentage rate) differ from EAR (effective annual rate)? What is an amortized loan such as a mortgage and a car loan? How is the periodic loan payment determined?
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Microsoft Excel For Accounting The First Course
Authors: L Murphy Smith, Katherine Smith
1st Edition
0130085529, 978-0130085528
